Common-Size Balance Sheet: Assets
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- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Intuitive Surgical Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Cash and Cash Equivalents
- Over the observed periods, the proportion of cash and cash equivalents as a percentage of total assets exhibited volatility, initially declining from 14.53% in 2020 to 9.52% in 2021, followed by a rise to 17.81% in 2023, before dropping again to 10.82% in 2024.
- Short-term Investments
- This category demonstrated a consistent downward trend, decreasing steadily from 31.24% in 2020 to 10.6% in 2024, indicating a significant reduction in short-term investment holdings relative to total assets.
- Accounts Receivable, Net of Allowances
- The percentage of accounts receivable relative to total assets remained fairly stable around 5.7% in 2020 and 2021, increased notably to above 7% in 2022 and 2023, then slightly receded to 6.54% in 2024, suggesting some fluctuations in credit extended to customers or collection efficiency.
- Inventory
- The inventory portion of total assets rose gradually from 5.39% in 2020 to 7.93% in 2024, reflecting a gradual buildup of stock or changes in inventory management.
- Net Investment in Sales-type Leases, Short-term
- Values in this category remained relatively low and stable, fluctuating between 0.7% and 1.01% over the analysis period, indicating limited exposure or changes in leasing activity.
- Other Prepaids and Other Current Assets
- These current assets maintained a fairly narrow range between 1.14% and 1.67%, with no significant upward or downward trend.
- Prepaids and Other Current Assets
- This broader category, encompassing other prepaids, hovered close to 2% throughout the time frame, indicating stability in these asset components.
- Current Assets
- Current assets as a percentage of total assets exhibited a downward trend, starting from 59.32% in 2020, declining sharply to 43.12% in 2021, briefly increasing through 2022 and 2023, and then decreasing again to 37.94% by 2024. This suggests a strategic shift favoring longer-term asset allocation.
- Property, Plant, and Equipment, Net
- There was a consistent increase in property, plant, and equipment relative to total assets, moving from 14.12% in 2020 to 24.79% in 2024. This indicates substantial investment in fixed assets over the period.
- Long-term Investments
- Long-term investments showed considerable variability, rising sharply to 32.57% in 2021, declining thereafter to 13.73% in 2023, and then increasing once more to 25.71% in 2024. This suggests fluctuations in strategic investment allocations or asset rebalancing.
- Deferred Tax Assets
- This category experienced a gradual increase from 3.29% in 2020 to 5.9% in 2023, with a slight decrease to 5.58% in 2024, indicating growth in deferred tax-related assets.
- Intangible and Other Assets, Net
- Intangible and other assets showed mild fluctuations, increasing from 4.51% in 2020 to a peak of 5.47% in 2022, then declining to roughly 4.13% by 2024.
- Goodwill
- Goodwill as a proportion of total assets gradually diminished over the period, declining from 3.01% in 2020 to 1.85% in 2024, indicating possible impairment, amortization, or divestitures related to acquired companies or assets.
- Long-term Assets
- Long-term assets percentage rose from 40.68% in 2020 to 62.06% in 2024, signaling a clear trend towards increasing the share of non-current assets in the total asset base, which aligns with the observed growth in property, plant, equipment, and fluctuations in long-term investments.
- Total Assets
- The composition of total assets remains consistently at 100% by definition; however, the internal shifts denote a strategic transition from current towards long-term asset holdings over the observed time frame.